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Clarification question.. Doing some studying over the weekend, came across this statement in one of Jack's old posts. "Between odds to evens you have hitches stalls, and dips, and between evens to odds you have patterns of pennants." By odds and evens I assumed he was speaking of point...

ya .. 13:35 - 14:40 ish ? EDIT: Perhaps using your previous logic, which made total sense. The lack of more IBV after 14:20 bar ends lateral & begins new down traverse

Ok great... That clears up a mindblock I was having. A channel can be created (as the one today 9:55-12:50) without ever having a traverse change signal. I extrapolate from this that a traverse level change signal (3 previously discussed) = upcoming traverse in opposite direction, not a...

My line of thinking had to do with the fact that I have a hard time seeing the move from 9:55-12:50 as one big traverse. Perhaps it is on a zoomed out fractal... I avoid using the word 'must' as my hold on the 'rules' surrounding the sequences is murky. I am simply trying to learn by asking...

If this is not a change signal, what is the signal around the 11:20ish area? I dont see peak volume, nor a pennant FBO, and it appears we just ruled out jokari :confused: Perhaps there is not a change signal, since the traverse ended up being fanned? On the other hand, it seems that what...

Today's effort... Smooth for most of the day, not sure about the end sequencing... Interested to see what you all had

Actually, I dont... Take out the blue RTL that you have drawn in and replace with the green one you had in previous post. (I dont have data this far back so I can only edit your pics =) Do share your newfound knowledge with us!

Just looking at possibilities...

What if the change signal was at 12:50? Making 13:05 a pt 3 down? Doesnt 12:55 break the 'current' RTL on Incr. volume, why would you fan? Did you rule out a channel with pt1 at 12:15, pt2 at 12:45, pt3 at 13:25 ?

Where would the entry be, that you are saying would lose 2 pts?

Very cool Mr Black. I had a feeling that the randomness appeared due to the market cycling faster through the cells (on a lower fractal). I will delve into this further, thanks for the explanation...

Fun to see this unfolding, although it is much like watching grass grow... With all the economic crap going on, if I had to guess I'd say that brown RTL is going to hold and we will have a nice down leg to work with through the fall

Chart for today (hindsight)

I feel like I have a solid foundation of understanding the jokari window, however the application of it I find a bit lacking. I thought (perhaps incorrectly) that the cells flowed in a certain order (as in PointOne's animated gif). The Mr Black diagram (and his recent posts) have the cells...

A look inside the 5 min bar

Not speaking for Mr Black, but after a traverse level signal for change at 12:50, we have a down tape. WMCN to create a down traverse? EDIT: For all I know he went to lunch and forgot to close the trade, this is just what I saw during that time...

No increasing black there, that was a non dominant retrace (check Spyder's chart)

Chart for today

The sequence in question... Sorry, bar #s dont do me any good

FWIW.. I show that as a pt 2 to pt 3 retrace of a down traverse beginning at 12:50. PS : Nice work today Mr. Black